.Brazilian digital banking company Nubank has announced the urgent suspension of investing for its own indigenous cryptocurrency, Nucoin. This officially finishes operations for the token released in March 2023.Nubank informed its customers on Tuesday that the acquisition as well as sale of Nucoin would be completely halted within 15 days. The banking company presented prospective market dryness as the reason for the unexpected revocation.Sale options for Nucoin holders.Depending on to the information discussed by the local information media outlet, Nubank is giving a sale alternative for consumers holding at least 100 Brazilian reais really worth of Nucoins.These customers can choose to transform their holdings to either Bitcoin or even USDC. The sale window will level for 90 times, up until December 9th." To secure you and all participants from prospective dryness in the market value of Nucoins because of prospective responses to this improve, our experts have actually decided on to suspend your investing quickly," Nubank specified in an e-mail to its consumers.The financial institution stated that the holders who do not transform their symbols will definitely find their Nucoin used for the banking company's revamped incentives course.Nucoin's blockchain traveler hit half a billion deals.Nucoin's blockchain traveler has actually reached half a billion purchases considering that its own launch. Nevertheless, even with those good varieties, Nubank has actually produced its choice to move away from crypto investing.The financial institution said that continuing, Nucoins will certainly be actually solely utilized for redeeming advantages within Nubank's ecological community. These perks might feature markdowns at the banking company's purchasing platform and accessibility to exclusive label take ins.To minimize the influence of the discontinuation, Nubank has actually introduced a prize campaign for its 16 million Nucoin owners. The advertising features 30 month-to-month rewards of 1,000 Brazilian reais, a regular monthly award of 100,000 reais, and also a grand prize of 1 million reais at the initiative's verdict.Nubank had collaborated with Polygon back in 2022. This was for the launch of Nucoin and also its own devotion program. The general supervisor of Nucoin mentioned during that time that Nucoin is actually an additional come in their view in the capacity of blockchain modern technology.Nubank is among the most extensive digital financial systems, which is backed by capitalists like Warren Buffett's Berkshire Hathaway.